| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11589 |
| 来源ID | Working Paper 11589 |
| A Global Perspective on External Positions | |
| Philip R. Lane; Gian Maria Milesi-Ferretti | |
| 发表日期 | 2005-09-12 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | The paper highlights the increased dispersion in net external positions in recent years, particularly among industrial countries. It provides a simple accounting framework that disentangles the factors driving the accumulation of external assets and liabilities (such as trade imbalances, investment income flows, and capital gains) for major external creditors and debtors. It also examines the factors driving the foreign asset portfolio of international investors, with a special focus on the weight of U.S. liabilities in the rest of the world's stock of external assets. Finally, it relates the empirical evidence to the current debate about the roles of portfolio balance effects and exchange rate adjustment in shaping the external adjustment process. |
| 主题 | International Economics ; International Finance |
| URL | https://www.nber.org/papers/w11589 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569234 |
| 推荐引用方式 GB/T 7714 | Philip R. Lane,Gian Maria Milesi-Ferretti. A Global Perspective on External Positions. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11589.pdf（261KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
